Shalibhadra Fin. Q2 net profit up 19.83% at Rs 1.39 cr

The company reported standalone net profit of Rs 1.39 crore for the quarter ended September 30, 2017 as compared to Rs 1.16 crore in the same period last year, registering a year-on-year growth of 19.83 per cent. Net revenue of the company rose substantially by 26.46 per cent at Rs 4.54 crore in July-September quarter of this fiscal as against Rs 3.59 crore in the corresponding period last year

Mukand posts Q2 net loss of Rs 18.49 cr

The company reported standalone net loss during the quarter stood at Rs 18.49 crore compared to net profit of Rs 6.05 crore in the previous year quarter.  Net revenue of the company rose moderately by 18.50 per cent at Rs 800.13 crore in July-September quarter of this fiscal as against Rs 675.20 crore in the corresponding period last year. During July-September quarter, operating expenses

Uber opens new engineering facility in Hyderabad

The world's leading taxi aggregator Uber has opened a new engineering facility in Hyderabad, its second in India.

The company has hired over 40 engineers to build what it calls world-class business intelligence platforms and real time streaming for Uber globally.

Spread over 18,000 square feet, the facility has come up in Kondapur in HiTec City, the IT hub here

Sensex rebounds from three-day losing streak; IT, banks gain

Indian shares snapped three straight sessions of losses, aided by gains in banking and IT stocks, while refiners such as Reliance Industries Ltd surged on a drop in oil prices.

The BSE Sensex ended 1.06 percent higher at 33,106.82, while the broader NSE Nifty rose 0.96 percent to end at 10,214.75.

(Reporting by Vishal Sridhar in Bengaluru; Editing by Gopakumar Warrier)

HP Inc tops Indian PC market with 31.1% share

With the recovery of the Indian PC market, HP Inc maintained its leadership position in the overall traditional PC market with 31.1 per cent share in the third quarter this year, global market research firm IDC said on Thursday.

HP Inc recorded a healthy 30.2 per cent growth (year-on-year) owing to a state-owned education project along with strong consumer demand. 

Samsung Electronics elevates key India executives amid robust growth

Bullish on its robust growth in the Indian smartphone market amid big investment plans, Samsung Electronics has elevated its two key India executives to new leadership roles.

Asim Warsi, currently the Head of Samsung India's Mobile Division, has been promoted as Global Vice President. 

Dipesh Shah, Managing Director of Samsung R&D Institute in Bengalur

Indian corporates find saviour in bonds as loans dry up

MUMBAI/SINGAPORE - Indian companies are finding it easier to raise funds through bonds than bank loans, as a surge in bad credit chokes off bank lending while investors seek higher-yielding investments for their cash.

The country has seen a record number of corporate bond issues this year, including from lower-rated and first-time issuers, partly as a result of troubl

Infosys to train employees in self-driving car engineering

 IT major Infosys on Thursday announced plan to train its employees in self-driving car engineering technology in partnership with online learning company Udacity.

The programme, known as Udacity Connect, a combined in-person and online training offering, will give Infosys employees the skills needed as the company continues to focus on autonomous technology across a range o

Ahluwalia Contracts India bags orders worth Rs 310.99 cr

Ahluwalia Contracts (India) Limited has secured new orders aggregating to Rs.310.99 Crores (approx.) for Construction of Institutional, Hospital & Commercial including Electrical, Plumbing & Firefighting Services. New orders worth of Rs. 170.99 Crores for Construction of 300 Beds Hospital in existing premises of ESIC Hospital Kolkata and worth Rs.140.00 Crores for other Construction Wor

Cranex Ltd Q2 net profit zooms 466.67% at Rs 0.17 cr

The company reported standalone net profit of Rs 0.17 crore for the quarter ended September 30, 2017 as compared to Rs 0.03 crore in the same period last year, registering a year-on-yearÿgrowthÿof 466.67 per cent. Net revenue of the company declined substantially by 40.15 per cent at Rs 2.37 crore in July-September quarter of this fiscal as against Rs 3.96 crore in the corresponding p

ONGC, Cairn bid for 41 oil and gas areas

State-owned ONGC and Vedanta Ltd today emerged as the biggest bidders for oil and gas blocks as they put in 41 out of 57 bids in India's maiden open acreage licensing regime auction that was shunned by several major global and domestic players, reported PTI. Oil and Natural Gas Corp (ONGC) put in expression of interest to explore for oil and gas in 41 areas while Vedanta's oil unit, Cai

Dena Bank to offer cheapest home loan at 8.25%

Dena Bank announced to offer home loan at 8.25 per cent, leaving behind industry leader SBI in terms of the cheapest loan rate offered by any player, reported PTI. The country's largest lender State Bank of India (SBI) in early November announced to give home loans at 8.3 per cent, which was the lowest rate being offered by any bank so far. Dena Bank's offer is a part of the retail loan

Betex India Q2 net profit up 13.04% at Rs 0.26 cr

The company reported standalone net profit of Rs 0.26 crore for the quarter ended September 30, 2017 as compared to Rs 0.23 crore in the same period last year, registering a year-on-yearÿgrowthÿof 13.04 per cent. Net revenue of the company declined substantially by 35.56 per cent at Rs 9.93 crore in July-September quarter of this fiscal as against Rs 15.41 crore in the corresponding p

CARE Ratings Q2 net profit up 11.82% at Rs 48.34 cr

The company reported standalone net profit of Rs 48.34 crore for the quarter ended September 30, 2017 as compared to Rs 43.23 crore in the same period last year, registering a year-on-yearÿgrowthÿof 11.82 per cent. Net revenue of the company rose moderately by 12.31 per cent at Rs 90.97 crore in July-September quarter of this fiscal as against Rs 81.00 crore in the corresponding perio

Neulands Global Ind posts Q2 net loss of Rs 50.83 cr

The company reported standalone net loss during the quarter stood at Rs 50.83 crore as compared to net loss of Rs 46.96 crore in the previous year quarter. Net revenue of the company declined substantially by 99.62 per cent at Rs 3.08 crore in July-September quarter of this fiscal as against Rs 815.10 crore in the corresponding period last year.

During July-September quarter, operatin

TD Power Systems Ltd Q2 net profit zooms 178.84% at Rs 6.72 cr

The company reported standalone net profit of Rs 6.72 crore for the quarter ended September 30, 2017 as compared to Rs 2.41 crore in the same period last year, registering a year-on-yearÿgrowthÿof 178.84 per cent. Net revenue of the company rose substantially by 31.23 per cent at Rs 128.80 crore in July-September quarter of this fiscal as against Rs 98.15 crore in the corresponding pe

Golden Tobacco posts Q2 net loss of Rs 9.40 cr

The company reported standalone net loss during the quarter stood at Rs 9.40 crore as compared to net loss of Rs 9.44 crore in the previous year quarter. Net revenue of the company declined substantially by 30.62 per cent at Rs 8.43 crore in July-September quarter of this fiscal as against Rs 12.15 crore in the corresponding period last year.

During July-September quarter, operating e

Wonderla Holidays Lt Q2 net profit down 21.28% at Rs 2.33 cr

The company reported standalone net profit of Rs 2.33 crore for the quarter ended September 30, 2017 as compared to Rs 2.96 crore in the same period last year, registering a year-on-yearĸdeclineĸof 21.28 per cent. Net revenue of the company declined marginally by 1.67 per cent at Rs 49.40 crore in July-September quarter of this fiscal as against Rs 50.24 crore in the corresponding period last

Factbox: How corporate numbers on Indian WhatsApp groups compared with actual results

Reuters has documented at least 12 cases of prescient messages about major Indian companies being posted in private WhatsApp groups.

Below are examples of the numbers being circulated with an explanation of local market abbreviations and terms.

The Securities and Exchange Board of India (SEBI) did not respond to requests for comment. WhatsApp responded to a request for comme

Exclusive: Prescient messages about Indian companies circulate in WhatsApp groups

MUMBAI - Three days before Dr. Reddy's Laboratories Ltd announced quarterly results this summer, a message circulated on a private WhatsApp group saying the Indian drugmaker would not post good numbers.

Dr. Reddy's was going to report a loss, according to the message on the "Market Chatter" group, which was posted on July 24 from a mobile phone numbe

India Inc`s October overseas investment down 49%

Investments made by India Inc abroad declined by 49.05 per cent in October to $1.35 billion from $2.65 billion in September 2017.

According to data released by Reserve Bank of India (RBI) in its "Summary of Outward Foreign Direct Investment (OFDI) - October 2017" on November 13, the annual overseas investment in October declined by 57.81 per cent on a year-on-year basis

EESL to tender for 10,000 electric cars by March-April

 State-run Energy Efficiency Services Ltd (EESL) on Wednesday announced it will invite bids for supply of a second lot of 10,000 electric vehicles (EVs) around March-April next year.

Electric car makers Tata Motors and Mahindra & Mahindra had emerged as successful bidders in EESL's first tender for 10,000 cars finalised last month.

"There will be another te

We did not receive any notice from NCLAT: RCOM on Manipal Tech plea

 Reliance Communications (RCOM) on Wednesday said it did not receive any notice from the National Company Law Appellate Tribunal (NCLAT) regarding an appeal by Manipal Technologies over dues of Rs 2.74 crore.

"The company has not received any notice from National Company Law Appellate Tribunal... Upon receipt of any such notice, the company will contest said application

Sensex rises; Reliance up on drop in oil prices

Indian shares rose on Thursday, buoyed by gains in refiners such as Reliance Industries Ltd as oil prices dropped overnight after crude oil and gasoline stockpiles rose unexpectedly in the United States.

Inventories climbed 1.9 million barrels last week as crude oil production and refining output rose, the Energy Information Administration said. Analysts expected for a decrease of 2.2